Taxation Laws Amendment Act (No. 3) 1992 (98 of 1992)

Part 2   AMENDMENT OF THE INCOME TAX ASSESSMENT ACT 1936

Division 11   Amendments relating to development allowance

65   Lessor may transfer benefit of deduction to lessees

Section 82AD of the Principal Act is amended:

(a) by omitting subparagraph (1)(b)(i) and substituting the following subparagraph:
          

"(i) a description of the property;";

(b) by omitting subsection (1A);
          

(c) by omitting paragraphs (2)(a) and (b) and substituting the following paragraphs:
          

"(a) if the agreement for the lease was entered into before 1 January 1993 - 8 January 1993; or

(b) in any other case - the 8th day after the end of the month in which the agreement for the lease is entered into;".